{"code":"INS","codeName":"Insurance Code","section":"1665","citation":"Ins. Code, § 1665","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1"},{"name":"PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1/part-2"},{"name":"CHAPTER 5. Production Agencies [1621. - 1758.993.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-5"},{"name":"ARTICLE 5. Bonds [1662. - 1665.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-5/article-5"}],"history":"Amended by Stats. 2011, Ch. 411, Sec. 16.   (AB 1416)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>The bond of a property broker-agent and a casualty broker-agent shall be in the amount of ten thousand dollars ($10,000). Individuals and organizations licensed for both property and casualty are only required to obtain one ten-thousand-dollar ($10,000) bond to act as a broker. The bond shall be contingent on the accounting by the property broker-agent or the casualty broker-agent to any person requesting insurance, for moneys or premiums collected by the property broker-agent or the casualty broker-agent when acting as a broker for insurance other than life.</p>","text":"The bond of a property broker-agent and a casualty broker-agent shall be in the amount of ten thousand dollars ($10,000). Individuals and organizations licensed for both property and casualty are only required to obtain one ten-thousand-dollar ($10,000) bond to act as a broker. The bond shall be contingent on the accounting by the property broker-agent or the casualty broker-agent to any person requesting insurance, for moneys or premiums collected by the property broker-agent or the casualty broker-agent when acting as a broker for insurance other than life.","otherVersions":[],"url":"https://blackletter.si/insurance-code/bonds-1665","source":"California Legislative Information bulk export (pubinfo)"}